BMI View: Brazil's mining industry value will see a return to positive growth in 2017, supported by astabilisation in mineral prices and strong iron ore production growth.

Latest Developments & Structural Trends

Brazil's mining sector recovery is underway, and we expect the country's industry value to steadilyincrease over the coming years, however declining iron ore prices will keep growth limited. We forecastBrazil's mining industry value to stagnate from USD48.2bn in 2017 to USD47.1bn by 2021.